Why People Fall Prey to Ponzi Schemes: An Analysis of Attitudes, Behaviours, Demographics and Motivations of Victims in India

132 Pages Posted: 2 Nov 2018

See all articles by Juhee Jain

Juhee Jain

De Montfort University, Faculty of Business and Law, Leicester Business School, Department of Accounting and Finance, Students

Paschal Ohalehi

De Montfort University

Date Written: September 20, 2018

Abstract

This paper attempts to add to the existing literature on ponzi scheme victims by offering insights into the attitudes, behaviours, demographics and motivations of victims of a bitcoin mining based ponzi scheme in India.

Keywords: Ponzi scheme, victim, India, white collar crime, fraud, bitcoin, investor education

Suggested Citation

Jain, Juhee and Ohalehi, Paschal, Why People Fall Prey to Ponzi Schemes: An Analysis of Attitudes, Behaviours, Demographics and Motivations of Victims in India (September 20, 2018). Available at SSRN: https://ssrn.com/abstract=3263995 or http://dx.doi.org/10.2139/ssrn.3263995

Juhee Jain (Contact Author)

De Montfort University, Faculty of Business and Law, Leicester Business School, Department of Accounting and Finance, Students ( email )

Leicester, LE1 9BH
United Kingdom

Paschal Ohalehi

De Montfort University ( email )

The Gateway
Leicester, LE1 9BH
United Kingdom

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